Grayslake, IL Cost Of Living
Cost Of Living In Grayslake, IL Summary
Cost of living in Grayslake research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Grayslake is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Illinois, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Grayslake is 113, with 100 being the average.
The cost of living index in Grayslake is 1.1x higher than the national average.
Grayslake ranks as the #238 cheapest in Illinois out of 336.
Grayslake ranks as the #3,948 cheapest out of 6,489 in the US.
The median home value in Grayslake is $355,860.
The median income in Grayslake is $113,697.
Table Of Contents
Grayslake's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Grayslake, IL?
According to the most recent data on the cost of living, Grayslake has an overall cost of living index of 113, which is 1.1x higher than the national index of 100.
Compared to Illinois, Grayslake has a cost of living index that's 1.2x higher than Illinois's index of 97.
The standard of living in Grayslake ranks as #238 most affordable out of the 336 places we measured in Illinois. By definition, that implies Grayslake ranks as the #98 most expensive place in the Prairie State.
For more reading on life in Grayslake, check out:
In Illinois
In America
Grayslake Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Grayslake. Here is how it fairs on each of the criteria:
The Services index in Grayslake is 108.
The Groceries index in Grayslake is 106.
The Health index in Grayslake is 110.
The Housing index in Grayslake is 130.
The Transportation index in Grayslake is 109.
The Utilities index in Grayslake is 87.
| Living Expense | Grayslake | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 113 | 97 | 100 | |
| Services | 108 | 95 | 100 | |
| Groceries | 106 | 99 | 100 | |
| Health | 110 | 93 | 100 | |
| Housing | 130 | 95 | 100 | |
| Transportation | 109 | 102 | 100 | |
| Utilities | 87 | 91 | 100 | |
Grayslake, IL Housing Cost Breakdown
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Grayslake is $355,860.
The Median Rent in Grayslake is $1,434.
The Median Income in Grayslake is $113,697.
The Home Value To Income in Grayslake is 3.1x.
The Rent To Monthly Income in Grayslake is 0.15x.
Median Home Value
Median Rent
Median Income
Grayslake, IL Costs By Category
Detailed Grayslake Services Costs Vs. Illinois
Detailed Grayslake Groceries Costs Vs. Illinois
Detailed Grayslake Health Costs Vs. Illinois
Detailed Grayslake Transportation Costs Vs. Illinois
Detailed Grayslake Utilities Costs Vs. Illinois
Grayslake SnackAbility
/10
Cost Of Living In Cities Around Grayslake
The cost of living varies in the cities and towns around Grayslake. Here's a quick look at the cost of living in the most populous nearby places:
Arlington Heights, IL has a cost of living index of 124, 1.1x Grayslake.
Buffalo Grove, IL has a cost of living index of 125, 1.1x Grayslake.
Northbrook, IL has a cost of living index of 153, 1.4x Grayslake.
| City | Population | Cost Of Living | Vs. Grayslake |
|---|---|---|---|
| Arlington Heights, IL | 76,220 | 124 | 1.1x |
| Buffalo Grove, IL | 42,824 | 125 | 1.1x |
| Northbrook, IL | 34,642 | 153 | 1.4x |
| Gurnee, IL | 30,486 | 117 | 1.0x |
| Highland Park, IL | 30,229 | 148 | 1.3x |
| Round Lake Beach, IL | 27,081 | 100 | 0.9x |
| Lake Zurich, IL | 19,727 | 127 | 1.1x |
| Deerfield, IL | 19,185 | 148 | 1.3x |
| Round Lake, IL | 18,588 | 109 | 1.0x |
| Lindenhurst, IL | 14,365 | 114 | 1.0x |
